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The Procter & Gamble Company offers a bond which pays a coupon of 12 percent with semiannual payments. The bonds have a yield to maturity

The Procter & Gamble Company offers a bond which pays a coupon of 12 percent with semiannual payments. The bonds have a yield to maturity of 8.78 percent and they mature in 17 years. If the bonds have a face value of $5,000 how much will the bonds sell for in the market? $5,950.37 $6,395.18 O $6,408.18 O $3,507.40 $3.853 74
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The Procter \& Gamble Company offers a bond which pays a coupon of 12 percent with semiannual payments. The bonds have a yield to maturity of 8.78 percent and they mature in 17 years. If the bonds have a face value of $5,000 how much will the bonds sell for in the market? $5,950.37 $6,395.18 $6,408.18 $3,507.40 $385374

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